PlayStation 5 launch breaks every record ever set by game consoles in US

Spread the love

 198 views

In November 2019, holiday gaming hardware revenues increased by 58 percent.

Bottom line: We are nearing the end of the holiday shopping season, but there is sure to be a last-minute push as consumers rush to fill stockings and adorn their trees with gifts. It may have been an atypical year, but it looks like the games industry is set to end 2020 on a record high.

We are not quite through the holiday season yet, but the PlayStation 5 is already breaking launch month sales records in the US. NPD Group reports that although the Nintendo Switch moved more units in November, the PlayStation 5, which launched two weeks into the month in the US, had the highest dollar sales.

In terms of newly launched hardware, the PS5 also beat the Xbox Series X|S in sales. In fact, it broke the record for the best unit and dollars sales in a console’s launch month in the history of the US—a record previously held by the PlayStation 4. However, launch month sales are not the end of the war.

“Launch month sales of a new console have no correlation to long-term performance, so I don’t think the strong launch performance says much more than Sony was confident enough to make the units available for sale that would reach the record,” NDP’s lead gaming analyst Mat Piscatella told GameDaily. “I am certainly optimistic for the long-term prospects for both new gen consoles, but I don’t take anything more away from the launch month sales than that’s the number of units that were produced and distributed.”

November also set a new record in consumer spending with over $1.4 billion in video game hardware sales recorded—up 58 percent over November 2019. The 2020 market has also seen a 34 percent increase in gaming gear, with gamers doling out over $4 billion since January 1.

Piscatella noted that the Nintendo Switch is performing exceptionally well. It has been the best-selling gaming hardware by units moved for 24 straight months.

“[The Switch]is one of the best-performing consoles in US history. Nintendo has established Switch as a device that is complementary and additive to the market, and one that is more cooperative than in direct competition with PlayStation and Xbox. This can be seen in the very high cross-ownership rates we see between owners of Switch and those who also own a PS4 and/or Xbox One.”

The top five best-selling games for November were Call of Duty: Black Ops: Cold War, Assassin’s Creed Valhalla, Spider-Man: Miles Morales, Madden NFL 21, and NBA 2021. CoD has also been the top-selling game of the year. “This is the 13th consecutive year a Call of Duty game has ranked as the best-selling game of its release month,” tweeted Piscatella. “Assassin’s Creed: Valhalla achieved the highest launch month sales for an Assassin’s Creed franchise title since Assassin’s Creed III in 2012.

RECOMMENDED READ:  Google is converting some of its locations into vaccination clinics

Image credit: Girts Ragelis

READ ALSO:
Apple teams up with Common Sense Media to compile podcasts for children

Good news for parents who want sound audio material for their children. Podcasts have hit a new height over the Read more

Taiwan says that its TSMC-led semiconductor industry has ample water until May

The nation has been facing the worst drought in 56 years Taiwan has eased concerns that global semiconductor shortages could Read more

Dell’s redesigned G15 gaming laptop packs with RTX 3000 graphics and a speckled paint job.

It will initially be sold in China, but Dell did not announce any pricing for any of the three models. Read more

NFTs,  new crypto craze explained

NFTs are authenticating the originality of digital products If you've been watching tech or financial news late, you may have Read more

Leave a Reply

Your email address will not be published. Required fields are marked *